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20120925
20121003
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FOX Business
Sep 29, 2012 1:00am EDT
to night. john: this week we have come to one of the most prestigious universities in america, university of maryland -- north carolina i debated former vermont governor about the role of government. i hope i convince them but i don't know. when everything it is important we have an open debate. and traditionally that is what universities were supposed to be about. open debate. but college campuses often are not. two reasons. some have speech codes of what you cannot say. some are so liberal libertarians and conservatives are ostracized if they speak up. you had a student here? >> 2010. and robert studies free-speech and is with fire the foundation for individual rights and education. hadley, you were not very political. what happened? >> i have opinions but struggled what i believe, when to speak up, and when to be quiet. john: the because of friends ? >> there were a variety of students that were very mature but others who could be loudmouth that overshadows the culture with a small group to make a lot of noise it can be intimidating. congressmen tom 10 credo was invited but
FOX Business
Oct 1, 2012 4:00pm EDT
and john manly says why it's time to buy into some european markets, huh, i don't know. we got to get to that. rich edson, mr. ben bernanke had a strong message to congress, to the markets, but -- go ahead -- there was a message for main street. tell us about that. >> yeah, he did. a number number of different wae put it, a big defense for qe3 and the monetary policy has been pursuing this in response to the fox business network. the u.s. is not in a recession now. he's worried about stagnation, not monetizing the debt. he says they'll sell asset off, and they expect to keep policy like this, monetary policy like this even after a considerable improvement in the markets. he also talked about savers. you have money in savingsing thes, getting little, really, in return. >> the best and most comprehensive solution it -- is to find ways to get a stronger economy. only a strong economy can create higher asset values at sustainably good returns for savers. without a job, people won't be able to buy a home or pay for an education ire irrespective of te current level of interest rates. >> say
FOX Business
Sep 27, 2012 7:00pm EDT
on iran's nuclear program and former ambassador john bolton. also, shelby steele on how group and identity politics is shaping this presidential election. turning back to the president's so-called new economic patriotism, the polls and what we can expect over the final 40 days now until election day. clinton adviser, fox news political analyst, doug schoen. also, ed rollins, former reagan political director, it's good to have you with us weather thank you very much for having me. lou: let me start with this new theme. we can all agree that the president has a thing called forward i want to understand, if you will, the motto or mitt romney. this is a man ready to sell himself. you don't get to be president simply because you have a combination of democratic election. he has 30 days at this point in time. i would not mention the present. everyone knows this president has failed and nobody's going to google for this president thinking that he has been a great president. lou: i have never seen so many people, including democrats, so willing to offer a candidate, in this case, governor romney,
FOX Business
Sep 28, 2012 12:00am EDT
. important point. >> thank you, melissa. >> thank you. melissa: we have breaking news right now. john thain taking our own, talking to him about his plans for cit and you know, charlie. now, you're coming out here because you've opinion reporting all day about -- >> and yesterday. melissa: about john thain out there shopping cit i understand another network which shall remain nameless. >> i call them brand x. melissa: was refuting your story? >> he tried to refute it on brand x. what, listen, when john thain was actually a major player on wall street, cit is not a major player i used to take glee when he refuted my old stories because he mattered at new york stock exchange and merrill he tried to refute all sorts of stuff. they need to raise capital at merrill. he would say they don't and they would raise capital. i would say he is on the ropes with ken louis he will not replace him after the bank of america brought merrill lynch. he got replaced. as a matter of fact john thain knew he was going to be replaced he saw me, he saw me on tv announce it. has history of this. today i think he was
FOX Business
Sep 24, 2012 8:00pm EDT
lennar raking in ovr 1.1 billion last quarter. john, with whether this shows if housing is recovery, john, i think with housing if we how is that bloodletting has stopped that people feel better, that appears to be the case. >>i think it is good news, market has bottomed. but it should have bottomed years ago if the government let the market clear, they extended the correction period, and made it worse. but, housing is a big driver in the economy. the interesting question is how much we should be in housing. federal reserve holding down long-term interest rates, incident in housing we got ask the crisis, -- housing is consumption, it is not investment, we have a country that is deep in debt, as a individual and the national level. so how much do you want is an interesting question. neil: argument for, incentivizing that, we can only do better than where we are. we'll never get back to where we were, so every little bit helps, banks showing a greater will notion rented. -- to lend, and consumers more qualified. >> i think that housing beginning to recover is a good thing, but i think it is
FOX Business
Sep 27, 2012 3:00pm EDT
money with the oversight. a lot of people coming together with big ideas. john mccain, senator from arizona talking to us right here about real ideas. he tells us exactly what is going on as it pertains to how we get the country back in order. plus, very first u.s. ambassador to iraq, a lot of businesses who wanted to jump right in to help rebuild iraq because it can make them a lot of money. how has that come along. ashley: we look forward to it. the cme group, the nymex. let's begin, thank you for joining us at the nyse. look, the initial economic data was pretty miserable, but the market is not really responding. >> clearly nobody's paying attention to the u.s., it is all about china, the additional stimulus and all of that. traders really have found this market to be quite oversold taking the opportunity to ride on the back of good headlines because that is all that is driving us is headlines. make some money. i think they're taking a little bit of money off the table at the end of the day. ashley: are we due for a correction anytime soon? >> you're hearing a lot for people talk
FOX Business
Sep 27, 2012 10:00pm EDT
a bomb. will that redline stop iran? or will it lead to war? ambassador john bolton joins us. one of the financial world's one of the financial world's leading everyone in the nicu, all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every moment. i wouldn't trade him for the world. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. if you're caring for a child with special needs, our innovative special care program offers strategies that can help. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. lou: in tonight's technology connect, shares of r
FOX Business
Sep 28, 2012 11:00am EDT
john thain denies it the gullible reporter or not. he wants to sell cit, and this is why you watched fox business because they giv we give you tht up-to-date stories. there's not that he is trying to sell or that he wants to sell, but that he cannot sell it right now. he has a huge problem on his hands. very difficult for cit to grow organically and by acquisition because it is on the fed watch list. still fell into bankruptcy, never paid back the government essentially stiffed the taxpayers. john thain came in afterwards and ran it. since then he is trying to rebuild it. doing a fairly decent job, but he can't really grow it because they're on this watch list. apparently he cannot sell it. all the banks he wanted to sell to, the u.s. banks, the big banks woul which you want to uss the ability to get in and run one of these institutions, they cannot write it because the bank regulators don't want these too big to fail banks to get even bigger and more systemically important and risky. that is one of the problems he has right now. right now he has a problem with selling it. ci
FOX Business
Sep 26, 2012 6:00pm EDT
debates have not moved the numbers all that much. four years ago when barack obama debated john mccain, mccain was down by five points when he went into his debate, and when he came out of the debate, he was down by six points. virtually no change. i think events on the ground, perceptions of the economy, economic news, perhaps things from the middle east still could have a bigger impact than these debates. cheryl: scott rasmussen, it's fascinating to see what your numbers are showing us, and they have been changing over the last several weeks. scott, thank you. >> thank you, cheryl. cheryl: well, still to come, everyone, ann coulter is going to be joining me with a look at her new book, "mugged." and coming up next, getting criticized from the inside. william isaac is going to tell us how washington failed america during the massive financial crisis. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. tha
FOX Business
Sep 25, 2012 6:00pm EDT
mix bars. 100% natural. 100% delicious. >> there is no such thing as a free lunch. john alzheimer is here in two minutes cheryl: and fox business alert. airlines are collecting more than $1.5 billion in back fees that his largest amount ever collected in a six-month period. delta airlines collecting most fees. $30 million. united airlines coming in second with $350 million. can you take your carry-on? airlines are not the only ones winning on the bottom line. in the focus tonight, the most basic services. penalizing customers just for bringing in business. we have john ulzheimer from smartcredit.com. a huge piece in "the wall street journal." talking about the fact that there is no such thing as a free checking account anymore. we need to get used to this reality or do you think it's going to go back and the in the way of the consumer at some point? >> no, that's interesting. this step seems to ebb and flow. a lot of banks were implementing fees on debit cards and the consumers were outraged. all of a sudden, the banks acquiesced and stopped charging fees. it was a matter of time
FOX Business
Sep 29, 2012 8:00pm EDT
and three other americans. lou: john kerry spent -- set to spend the next three days with the president outside las vegas preparing for that debate. one can only imagine the attention that might exist between the two. brad, let's turn to the issue of what the republicans are doing, what specifically governor romney is doing, and why there is such a -- it is a grievance lack of coordination of interest in the issue amongst governor romney, john boehner, mitch mcconnell, and the other leaders in the republican party including, of course, rnc chairman, reince. >> we need a united front. the administration lied because they didn't follow the narrative that bin laden's dead and gm is alive. bin laden is dead, great thing, but al-qaeda is alive and well and its affiliates killing u.s. ambassador and the three americans. where is the outrage, the legitimate outrage on the part of the republicans to come out to get to the baht dome of this? i think the story is going to have legs because it gets worse every day, and we should be dodging kerry now at every move saying what are you doing as a mem
FOX Business
Sep 30, 2012 8:00pm EDT
of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's choice to be hillary clinton's replacement. all 18 members of which, republicans and democrats, have signed a letter acceptability to the administration asking for a full accounting of the benghazi terrorist attacks and the events in yemen and egypt. the white house continues to give every appearance of stone walling, both the congress and the press. almost three weeks have passed since those attacks, and leaked from within the white house, an intelligence community suggests the obama administration has been involved in an outright cover up. there are reports tonight that officials within the administration were concerned from the very beginning about the message the white house chose to push after the attack. the attack that was spontaneous they said, and not at all the work of terrorists. here's white house spokesman jay carney back on the 14th of september. >> the incident in benghazi, as well as elsewhere, but these are all being investigated, what
FOX Business
Sep 27, 2012 12:00am EDT
find this interesting too. you have a republican governor there, john kasich, you have been working you hear the words drip out of his mouth every day. bring your business to ohio and bring it book up again. to a degree he has been successful. he says none of it is from washington. he makes the case it is his own tax policy and balanced budget bringing jobs back to ohio. the man be it romney or ohio, who can convince to bring back jobs he will within the job. >> not whether or not ohio is doing this much better, it is argument between romney or obama, who can do a better job of the country totally back the economy is growing anemicly, a couple points maybe. we should be growing at four or 5%. we should be exploding and we are not. >> brings you the whole point of 7.2%. okay, it is better than it was but is it good enough. why ohio? why does it always seem like the focus comes back to the buckeye state. this is a state of 12 million people. it is a cross-section of the american spectrum in everywhere. you have big cities, you have large empty spaces. rural, farmland. you have huge minori
FOX Business
Oct 2, 2012 4:00pm EDT
optimism -- what is causing the drop in confidence? we will ask former governor john england next. south [ mujahid ] there was a little bit of trepidation, not quite knowing what the next phase was going be, you know, because you been, you know, this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, and i get the chance to spend more time with my wife and my kids. it's my world. that's my world. ♪ >> time for a quick speed read of some of the day's other headlines. five stories in a minute of the boeing union technical engineers rejebbed aerospace giant's first contract offer. the union says boeing's proposed pay raises would not keep up with inflation. >>> american airline passenger seats came unbolted. this is the latest hurdle for the bankrupt airline trying to improve low on time, arrive al rates. >>> spirit airlines will begin charging passengers $100 for carry on fee for last minute payers. the airline is raising the fee to cut down on number of passengers who don't pay in advance.
FOX Business
Oct 2, 2012 7:00pm EDT
. joining us now, ceo of the illinois policy institute. john, you're in illinois, the worst offender when it comes to unfunded liabilities, $167 billion worth of unfunded liabilities. with 28% of the system is actually funded, how can you get into such a mess? >> too much spending, not enough self-control and the unions really run the show and tell the politicians what to do and the politicians are very reluctant to say no to them. the bad news is politicians are trying to get out of this by having the rest of the country bail out the rest of the state spending out of the problem and we are trying to stop that. ashley: it is all across the country the democratic governor of illinois suggested the federal government bail out the pension programs and then backtracked. what kind of balash did he suffer because of that suggestion? >> he has been very unhappy with his project because we reported the truth that he is backtracked from it but still refuses to explicitly repudiate the policy not only will they not seek or address, move on to california. very responsible relatively speaking. ashley
FOX Business
Sep 25, 2012 9:00pm EDT
tonight, the most basic services. penalizing customers just for bringing in business. we have john ulzheimer from smartcredit.com. a huge piece in "the wall street journal." talking about the fact that there is no such thing as a free checking account anymore. we need to get used to this reality or do you think it's going to go back and the in the way of the consumer at some point? >> no, that's interesting. this step seems to ebb and flow. a lot of banks were implementing fees on debit cards and the consumers were outraged. all of a sudden, the banks acquiesced and stopped charging fees. it was a matter of time when the heat died down before they tried to implement something new to help cover the bottom line, if you will. this time, it is the elimination of the free checking account. keep in mind that checking accounts are not terribly portable. we get used to having an account with a certain bank. we have checks and debit cards and automatic traps and deposit. it's not very easy to move yours are implementing fees. they realize that they can still charge $799 per month spume that
FOX Business
Sep 28, 2012 3:00pm EDT
, hillary clinton, rudy giuliani. this is the type of guy john thain is. liz: you know what he got in the mail, their portraits off the wall from the boardroom. why is that necessary? >> why did he do that? liz: the seagram's people did that. and then they got rid of it. this is inside hollywood. they did. removing company history. that was huge history. charlie: that was one of the iconic moments in finance. remember, terrace attack new york city, basically take down the world trade center, destroyed the communications. verizon has its communication hub there. it is all down. down for a week. what does grosso do, he brings it back. liz: he is a relic. charlie: he did a great job. obviously, getting people, the tech people, involved. liz: puts the pictures back. charlie: duncan -- liz: where were they, in the basement? charlie: it was an urban legend. i checked today, it is not true. it has bounced around the floor of the new york stock exchange that thain erase or photoshop grosso's face and then put that 917 picture back. i am not believing that one. he did take down that picture
FOX Business
Sep 29, 2012 3:00am EDT
-fall the market was still searing and panic and rage not a good time to be the incumbent party or four john mccain to be saving resources and campaign media blitz. especially more than one-third of fort -- voters could not be moved with the illicit -- less sens barack obama got imploring ohio voters to take advantage of early boating he is not stupid but seizing the moment that is why we question they could blow the moment of the shane paul ryan is one thing when he first unleashes him here to what switches smart but it is still piling up voters in record numbers continue to pile up their ballots that looks dumb especially most will have the long before election day that for the moment barack obama looks good. that does not stick but it does not matter for them. why the romney campaign does not leave a minute to spare. air and i was startled by the numbers but they need to get the ads out and fast? >> look at i would this week the obama campaign says more than 100,000 ballots are from democrats versus 40,000 republicans. the obama campaign will hit them again and again. neil: i don't know the
FOX Business
Sep 27, 2012 11:00am EDT
. they returned to the battleground state at virginia. john roberts on the scene in virginia. john, how is it looking? i guess you don't know which way to turn, which campaign i pay attention to? >> there are a couple of hundred miles apart, but still same state, same day. governor romney was here the american legion home number 176 in springfield talking to veterans group. they talk about the potential effects of the looming defense cuts in virginia, it is estimated the state of virginia could lose 136,000 jobs in those events went through. it still remains all about the economy, all about jobs across the country in all the battleground states. yesterday they were in ohio, president obama talking about the idea that governor romney promised details on his tax plan, economic plan, but hasn't been able to deliver on those details at this point. governor romney is talking with the details because they will figure it out. governor romney today pounced on the lower gdp figures of 1.3%. reinforcing his idea, his argument this country can't afford another four years of president obama and tha
FOX Business
Sep 28, 2012 1:00pm EDT
. then they screwed the taxpayers. john thain took it over after that when he left merrill lynch. he is not trying to sell it. he cannot sell it. what he did yesterday, this is a game of cat and mouse, when you tell everybody you want to sell something, they think you are desperate. he did this to a pretty compliant media outlet. specifically to a reporter. this is his go to person, essentially. he said, listen, we are not for sale, we are not that desperate. what i can tell you is this, wall street thinkers say he was shopping, is shopping, he is having a difficult time doing it for all of those reasons. cit is on a restricted list. he has some issues. we should give a little background on who this guy guy is. he was part of the group that got rid of john corzine. he was a good friend of his beard he joined hank paulson and john thorton. one of the interesting things he did right after he did after going to the new york stock exchange, he took down every single picture of growth -- grosso. john thain took down those iconic photograph. he then went to merrill lynch. again, very controversial. i wo
FOX Business
Sep 24, 2012 9:00pm EDT
at president barack obama versus john mccain, it was barack, four years ago. not that much as changed in the state of ohio despite the fact that john cage has taken over. >> well, i think romney has a tough road, and unless he wins ohio he almost mathematically cannot become president. he is right that unemployment, it's down in large measure because the president help save the auto industry and 35,000 jobs. fundamentally what is going on in ohio is what is going on another battleground states which is that mitt romney is a fundamentally flawed candidate. the middle class voters -- cheryl: how does he fought? >> rejecting because his basic assumption that tax cuts for the very wealthy will somehow trickle down to the middle-class . people are not buying it. going to create 12 million jobs without telling anybody how he's going to do it at the same time turns around and says there is almost half of the country that thinks he should not be president. cheryl: he has given us some specifics and we need to read it here more on his tax plans, but at the same time he has been set this -- spe
FOX Business
Sep 25, 2012 3:00pm EDT
states. >> john snow under president bush, a currency manipulator, tried to manipulate or at least soften what was happening in china but this is not incumbent or maybe he is right that you can't really tell china what to do. what you looking at? liz: senator chuck schumer sale of spike in the number of truckers crashing into bridgees and overpasses on highways where they don't belong. eight of ten of these crashes was two hundred year is caused by truckers being misdirected by global positioning satellites that wrongly put them on parkways where they should not be. senator chuck schumer weighing in. >> the gps directed me on it and many truckers do not know that the gps is not programmed to be the same -- or a 15 foot high tractor-trailer. the owner should be on dot to make sure. liz: he wants to probe the matter and investigate the matter and issue new nationwide standards for the gps industry but the problem is truckers are using these consumer devices and google maps -- the devices for truckers to use so they can avoid the parkways and the issuers, why not just to get them and keep th
FOX Business
Oct 1, 2012 3:00pm EDT
tech. if you notice, watching the markets today, you see the s&p and the dow johns industrials have been holding green, but the tech heavy nasdaq sold off, quickly went through, grabbed tech names, but you can see many of the names from advanced micro to seagate and apple in there, another name that's been selling off, and it's easy to find tech names under pressure here. the vix, as we know, the fear index, another factor. the dollar coming up off the lows. put that all together, and we're waiting for a jobs report friday with another element of uncertainty to the market throughout the week. sometimes it's the wait and see. these are the elements they wait to see. what's that report was eluding to. thank you. ashley: no ben bernanke bounce, maybe more of a thud. still up 62 points. nicole, thank you. has the u.s. economy tipped into a recession again? well, there's now serious debate as wall street analysts and economists dive into the new economic data and what it shows us. liz, what are the wall street analysts saying? >> there's an interesting debate. how consumer spending hangs
FOX Business
Oct 2, 2012 5:00pm EDT
other] melissa: i feel so stupid now. moving on, the vp of operations for the denver broncos. john elway said he made the decision because he believes that romney understands how to get america working again by standing on the side of taxpayers and small business owners. woody johnson also came out supporting him, but he did it in a very interesting way. he said that he would rather that mitt romney win the election and they have a winning season for the giants. >> i think it is a safer bet. melissa: what do you think? >> it is tivo time and i think you have to be really careful when you are a team owner. john elway is endorsing colorado, they love him, so the question is you already know he needs to support them.
FOX Business
Sep 25, 2012 1:00pm EDT
smart places to invest your money, the former not the latter. joining us to explain why, john burke, ceo of burke financial stratis about. what i love to this, this is back to old style peter lynch investing, invest in what you know. ashley: sin stocks. >> tracy, we're --. ashley: what the heck have i got myself into. tracy: because i knows i will ask about rick's cabaret. >> i can't help you there. we're getting a little concerned about the market because a year ago we had all these issues about the european economy and the american economy and of course emerging markets. fast forward today we're up 27%. all day we have the promise of good things to come. we're starting to get a little concerned especially with that fiscal cliff looming. ashley: is that the biggest threat? you mentioned d.c. continues to be polarized. as you mentioned the eurozone or global markets and emerging markets continuing to fade. it was same story as year ago as is now as you pointed out but what is the biggest threat? >> we think the biggest threat is the fiscal cliff. we have ceos out there delaying hiring de
FOX Business
Sep 27, 2012 9:20am EDT
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FOX Business
Sep 27, 2012 1:00pm EDT
ablow of this size? joining me now is john. you went through an entire decade were you recently made some significant cuts to get your health back in order. >> absolutely. we realized we wanted to get the budget back into structural balance. lori: what will it mean to you if the sequestration goes into effect? >> i think certainly we will look at the programs in the area getting scaled back. there are two phases to the fiscal cliff. one is the reduction of federal spending. the other is the impact of the tax cuts and those types of things. we are watching each of these federal programs. the main thing is the uncertainty that the states are dealing with. our biggest risk is the federal government. melissa: you are worried you will not be getting money from the fed? how would you make that up? would you immediately start cutting? >> absolutely. what the federal government would look at the programs and we would start to scale them back. certainly, that is not on the top priority. congress this duty is to determine the spending priorities, the flow of money to the states and certainly w
FOX Business
Oct 2, 2012 9:20am EDT
that there are unanswered questions but reading the-reading killing kennedy will learn about john f. kennedy and what kind of guy he was and make a decision whether he was good or bad and you know how he was killed. i got access to the fbi guys who covered the case and never spoke to anybody before. they spoke to me. all of it is new and your head will snap back and we talk about marilyn monroe and francs and afro and all these people swirling around the kennedy presidency. stuart: we respect you as an author. we respect the fact that a lot of the money from these books goes to charity. >> we set up a charity named after my mother and father. my maternal grandmother was kennedy. winifred kennedy. that is on my mother's side. i set up a foundation and we do as much as we can. we have this crazy debate saturday night with john stuart. [talking over each other] >> at george washington university. five minute but you see it on the net for $5 so even new will pony up the five. what it is is half the money we get goes to charity from the rumble and it is saturday night and day:00 and the rumble 2012.com is wher
FOX Business
Sep 26, 2012 7:00pm EDT
with a new fund-raiser. john bolton tomorrow on why he will not call enacted terror. and what is propping up and also the vote race for the white house. we will be right back. let's say you need to take care of legal matters. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to legalzoom.com today and see for yourself. it's law that just makes sense. lou: senator akin has new friends. conservatives announcing support after the deadline drop to about past. he said women rarely get to pregnant from "legitimate rape" . mike huckabee kumbaya gingrich come and they are all backing him again and with governor huckabee has been a stalwart supporter. they say they will make republicans pay and clear mccaskill is up by five points. some may say only fiv
FOX Business
Sep 27, 2012 8:00pm EDT
them or not. john: tonight weir at the and old trial liberal campus university of north carolina at chapel hill. the word freshman is disparaged it is sexist. and the code says explicitly implicitly asking for sex is against the code. what does that say against
FOX Business
Oct 1, 2012 7:00pm EDT
friedman on politics and economics in the last half century. and certainly would john maynard, one of the two great economists of the 20th century. so many public policy areas from flexible international exchange rates to a lower rate of inflation, lower taxes, less government. all volunteer army. lou: what, do you think, professor friedman would think of bin bernanke's federal reserve today? >> well, i think that friedman largely would have supported the actions that the fed has taken. that is certainly ben bernanke position who is a great scholar of milton friedman and also the great depression. i think that in an extraordinary circumstances you would argue that the extraordinary measures are called for and that the fed really has tried to avoid a repeat of the 1930's when there was a great decline in the velocity of money and there was actual inflation. that hasn't happened. lou: you don't think he would be and that'll nonplussed by too much coincidence with keynesian economics? >> no. i think that on the fiscal side he would very much opposed the economic stimulus of president
FOX Business
Oct 1, 2012 10:00pm EDT
friedman on politics and economics in the lastalf century. and certainly would john maynard, one of the two great economists of the 20th century. so many public policy areas from flexible international exchange lou: the white house confirming that it was the target of a cyber attacks originating in china. the obama administration had not identified the source of the attack earlier. fox news not reporting eckersley to the chinese government are responsible for the breach of computers belonging to the white house military office. by the way, that includes the codes for u.s. nuclear commands. the white house's downplaying the cyber attacks saying there is no indication that any debt was removed which seems like a particular statement sends data does not have to be removed to, of course, be read and identified. back in may the pentagon struck a harsher tone saying it would consider cyber attacks acts of war. we are awaiting further comment by the white house. a new report timed it dozens of programs operation fast and furious. according to univision, it found links between 57 previously unident
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